Fixing Nokia: How the handset maker can avoid Motorola’s fate

No one at Nokia is sleeping easily these days.While reporting a second-quarter sales drop of 25% and a profit dive of 66% earlier this month, the mobile phone giant admitted that it had to “develop new skill sets.” And how.Despite its weak quarter, the Finnish company is still at the top of the sales charts, moving 100 million units on a quarterly basis. Industry watchers are worried that it is starting to look a lot like Motorola in the mid-1990s–a mighty incumbent losing its edge to rival upstarts. There’s concern that Nokia is a hardware whiz living in a world increasingly dominated by software; and despite its forays into online services and application stores, it needs a big refresh to catch up.So, what should Nokia do?To read this Forbes report in full, see:

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